Morgan Stanley lowered the firm’s price target on Brookfield Asset Management (BAM) to $50 from $62 and keeps an Equal Weight rating on the shares. The firm reduced price targets by 24% on average across the alternative asset manager group on 10% lower FY26 EPS forecasts on average as well as lower P/E multiples given the view that “sluggish” capital markets raise risks to the “private markets flywheel.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Brookfield Asset Management upgraded to Buy at BofA on valuation, secular growth
- Brookfield Asset Management upgraded to Buy from Neutral at BofA
- Brookfield Asset Management price target lowered to $48 from $50 at Wells Fargo
- Brookfield Asset price target lowered to $58 from $62.50 at Scotiabank
- Brookfield Asset Management to Announce Q1 2025 Results